Field Definitions: SM Revenue Recognition Form
The following is a list of field descriptions for the SM Revenue Recognition form. Many of the descriptions include links to other topics that provide additional information about or related to the topic.
The Through Date field on the SM Revenue Recognition form.
Enter the through date for revenue recognition.
For agreements using the S-Amoritize revenue recognition method, the system will include all eligible deferred revenue amounts scheduled for recognition on or before this date. The system determines the eligible amounts using the amortization schedules for agreements and agreement services, the Through Date specified here, and the amounts that are actually available for recognition (billed amounts).
For agreements and work orders using the C-As Cost Incurred revenue recognition method, the system will include all work completed lines posted agreement or customer work order scopes with this method that are posted on or before this date. For information about how the system determines the revenue amount to recognize, see About Revenue Recognition for SM Work Orders.
The Month field on the SM Revenue Recognition form.
Enter the month in which to recognize the revenue. The system will post all recognized revenue amounts to the appropriate GL revenue accounts defined in SM Departments for this month.